Question Detail

IRP 321 Compensation Management policies Objective Question

Question

Which compensation policy is designed to offer salaries and benefits that are higher than the market average to attract and retain top talent?
Options
A Policy of salary/pay followership
B Policy of industry average
C Policy of salary/pay leadership
Correct Answer
D Policy of pay secrecy
Correct Answer

Option C is the correct answer.

Detailed Explanation

Page 11 lists 'Policy of salary/pay leadership or lead the market policy' as one of the policies, which implies positioning above the market to attract talent.

Hint

Think about a strategy that aims to be at the forefront of the market in terms of pay.

Question Info